I have an IRA account and a CD is about to mature here in a couple weeks, it was at %5 for over 4 years and now the interest rates are so low I'm wondering what I should consider putting the money into. Only $180,000.00

Any ideas? What do you guys use?

Thanks for any info.

[This message has been edited by InTheLead (edited 02-09-2010).]

That amount you have should still get a decent interest rate on a CD. Roll it over if you don't want to risk it. Are you sure you were getting 5% interest and not .5%. The best I have seen lately is around 2%.

I would say put the max allowed into the IRA then put the rest with the CD. I say the IRA because once your 59? you can start drawing with out any penalties or not be taxed. Unlike the CD where the interest is taxed no matter what you do with it.

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I think must of the people here would not call 180K "only"

I am sorry I have no advice... but you should count your blessings

Not enough information, and it would be irresponsible for anyone to offer advise without knowing more about your situation. Among those things you or any advisor would need to consider are:
How stable is your primary source of income?
How old are you?
What are your near term and long term financial goals?
How much liquidity do you envision needing in the next 2-5 years?

Truth is, I would be very hesitant to offer any kind of financial/investment advise right now, because of so many unknowns in the US job market, global influences (Greece for instance), and, it might all be moot anyway, depending what congress and this administration ends up doing in regards to portfolios such as yours.

What Don said.

First and foremost would be your age.

Second would by how much liquidity you believe you'll need in the next 1 year, 3 years, 5 years, and 10 years.

Third would be how much risk are you willing to take (which should also be tied into your age, the older you are, the less risk is generally advised)

To offer any specific advice without a lot more information would be very irresponsible, IMHO.

John Stricker

quote Originally posted by maryjane: Not enough information, and it would be irresponsible for anyone to offer advise without knowing more about your situation. Among those things you or any advisor would need to consider are: How stable is your primary source of income? How old are you? What are your near term and long term financial goals? How much liquidity do you envision needing in the next 2-5 years? Truth is, I would be very hesitant to offer any kind of financial/investment advise right now, because of so many unknowns in the US job market, global influences (Greece for instance), and, it might all be moot anyway, depending what congress and this administration ends up doing in regards to portfolios such as yours.